7 ! Part 4 of 4 Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions 1.36 points for March Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 500 units. $105 per unit Units Acquired at Cost 180 unitse $70 per unit 480 units $75 per unit 280 unitse $80 per unit 360 unitse $82 per unit 1,300 unito 320 units $115 per unit 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase Problem 5-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) Answer is not complete. FIFO LIFO Weighted Average 89,300 Specific Identification $ 89,300 $ 89,300 89,300 Sales Less: Cost of goods sold Gross profit $ 89,300 $ 89.300 $ 89,300 $ 89,300